My Conversation With Brian Wesbury, Part 2

Lauren Smith |
Part one of my conversation with First Trust Portfolios’ Chief Economist.

How We Can Help You  Book an Initial Consultation


Welcome to part two of my conversation with Brian Wesbury, the chief economist at First Trust Portfolios. We’re discussing the economic outlook for the rest of 2021 and 2022. You can view part one here. Today’s segment revolves around currency, inflation, and why everything is so imbalanced. 

Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:

0:25 — The Federal Reserve has printed 38% more money, but we haven’t increased our output.

1:15 — The uptick in currency is the major source of our inflation.

2:55 — The 10-year Treasury needs to get to 3% before our market is fairly valued.

3:50 — Currency growth will need to slow drastically for inflation to go back to normal. 

5:50 — Our current inflation is not transitory.

7:20 — The five biggest stocks in the S&P 500 make up over 20% of the index.

8:20 — Wrapping up today’s discussion

You can follow Brian Wesbury on Twitter at @wesbury for more on these topics. If you ever have any financial or wealth management questions, call or send me an email. I would love to help you.

The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of the author, and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions, or forecasts provided herein will prove to be correct.

Every investor's situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment. Investing involves risk and you may incur a profit or loss regardless of the strategy selected. The foregoing is not a recommendation to buy or sell any individual security or any combination of securities. Be sure to contact a qualified professional regarding your particular situation before making any investment or withdrawal decision.